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Mortgage Loan for GHG Emission Reduction

loan period

240 months


interest rate 

  • Monthly rate: ₮: 1.50%, $: 1.13%
  • annual rate: ₮: 18.00%, $: 13.56%

Loan calculator

The loan is deducted from the salary each month with interest.

Mortgage Loan for GHG Emission Reduction

Mortgage loans for GHG Emission Reduction are granted for up to 20 years term and the following types of dwellings can be purchased.

Loan terms



Present dwelling
Real estate that could be acquired with the Mortgage
Apartment buildings /given into exploitation before 1997/
Apartment buildings /given into exploitation after 1997/
Energy efficient housing
1
Mongolian ger
Yes
Yes
Yes
2
Private house
Yes
Yes
Yes
3
Apartment buildings /given into exploitation before 1997/
No
Yes
Yes

Remarks:

  • Residents of ger district will qualify for this type of mortgage to finance the acquisition of public apartments built for residential purposes before and after 1997, and energy-efficient houses.
  • If the applicant resides in an apartment building built before 1997, the new acquisition cannot be financed by this mortgage loan if it is built before 1997 as well.

Loan terms


Terms and Conditions
Apartment
Standalone House
Apartment /Built before 1997/
1
Currency
MNT, USD
2
Interest rate
Monthly rate₮: 1.50%, $: 1.13%
Annual rate₮: 18.00%, $: 13.56%
3
Annual percentage rate₮: 18.20%, $: 13.73%-15.78%
4
Down payment
25%
30%
5
Loan period
240 months
180 months
6Additional requirement for loan recipient whose current residence is a ger or standalone house
Must have residence in ger districts for the last year confirmed by khoroo /local unit of government/

Required documents

  • Client application form;
  • Mortgage application form;
  • Notarized copies of ID Cards for loan applicants and their family members
  • Copies of children birth certificates,
  • Marriage certificate,
  • Reference from Horoo Administration
  • Police Affidavit,
  • Reference from Metropolitan Court Resolution Enforcement Office
  • Bio /own and other family members/
  • Evidence on down payment;
  • Ownership documents of current residential address/together with copies of certificate/
  • A copy of certificate of the apartment to be acquired /in case of new apartment building, order contract, State Commission Report, and Certificate of Legal entity of the Construction Company/;
  • Reference on the apartment from Property Registration Office ;
  • Sale and Purchase Agreement;
  • 2 passport sized (3x4 sized) photos (taken within last 6 months) of the Loan applicant;
  • Other.